Financial Summary (All financials)
In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
Revenues | 3,906.2 | 4,565.8 | 4,976.7 | 5,373.7 | 5,732.4 | 5,619.2 | 4,768.1 | 4,710.3 |
Revenue growth | -14.4% | -8.3% | -7.4% | -6.3% | 2.0% | 17.9% | 1.2% | 449.1% |
Cost of goods sold | 3,526.8 | 3,859.9 | 4,396.6 | 4,767.5 | 4,783.4 | 4,648.8 | 4,013.8 | 3,929.9 |
Gross profit | 379.5 | 706.0 | 580.0 | 606.2 | 949.1 | 970.4 | 754.3 | 780.5 |
Gross margin | 9.7% | 15.5% | 11.7% | 11.3% | 16.6% | 17.3% | 15.8% | 16.6% |
Selling, general and administrative | | | | | | | 279.0 | 283.8 |
General and administrative | 175.1 | 144.5 | 149.2 | 167.7 | 332.3 | 326.2 | 147.1 | 152.6 |
EBITA | 332.6 | 52.2 | 100.7 | -1,452.7 | -846.9 | -765.7 | -709.6 | -595.2 |
EBITA margin | 8.5% | 1.1% | 2.0% | -27.0% | -14.8% | -13.6% | -14.9% | -12.6% |
Amortization of intangibles | 34.3 | 26.4 | 32.0 | 14.3 | 7.9 | 96.4 | 13.4 | |
EBIT | 298.3 | 25.9 | 68.8 | -1,467.1 | -854.8 | -862.1 | -723.0 | -595.2 |
EBIT margin | 7.6% | 0.6% | 1.4% | -27.3% | -14.9% | -15.3% | -15.2% | -12.6% |
Pre-tax income | -107.0 | 9.2 | -374.8 | -969.6 | -135.5 | -353.0 | -281.5 | -178.8 |
Income taxes | -3.6 | 1.8 | -2.4 | -10.4 | -17.4 | 172.5 | -44.0 | -9.2 |
Tax rate | 3.4% | 19.0% | 0.6% | 1.1% | 12.9% | | 15.6% | 5.1% |
Earnings from continuing ops | -59.0 | 14.6 | -235.2 | 0.0 | -182.1 | -425.0 | -239.9 | -170.6 |
Earnings from discontinued ops | | | | 0.0 | 0.0 | -1.2 | -14.0 | -7.4 |
Net income | -59.0 | 14.6 | -235.2 | 0.0 | -182.1 | -426.2 | -254.0 | -178.0 |
Net margin | -1.5% | 0.3% | -4.7% | 0.0% | -3.2% | -7.6% | -5.3% | -3.8% |
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Diluted EPS | ($0.53) | $0.09 | ($2.33) | $0.34 | ($1.19) | ($4.96) | ($4.81) | ($3.42) |
Shares outstanding (diluted) | 111.9 | 165.3 | 101.0 | 0.1 | 152.5 | 85.8 | 49.9 | 49.9 |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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